VeraBank N.A. Has $1.65 Million Position in Mastercard Incorporated (NYSE:MA)

VeraBank N.A. lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,876 shares of the credit services provider’s stock after selling 75 shares during the quarter. VeraBank N.A.’s holdings in Mastercard were worth $1,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Financial Advisors Inc. boosted its stake in shares of Mastercard by 4.2% in the 4th quarter. Legacy Financial Advisors Inc. now owns 3,915 shares of the credit services provider’s stock valued at $1,670,000 after purchasing an additional 156 shares in the last quarter. Sapient Capital LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at $41,441,000. Axxcess Wealth Management LLC boosted its stake in shares of Mastercard by 3.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 16,377 shares of the credit services provider’s stock valued at $6,985,000 after purchasing an additional 540 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Mastercard by 562.1% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 89,705 shares of the credit services provider’s stock valued at $38,261,000 after purchasing an additional 76,156 shares in the last quarter. Finally, Summit Global Investments lifted its position in Mastercard by 10.8% during the 4th quarter. Summit Global Investments now owns 5,466 shares of the credit services provider’s stock worth $2,331,000 after buying an additional 533 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.6 %

NYSE:MA traded up $2.48 during trading hours on Friday, reaching $443.58. 3,711,610 shares of the stock were exchanged, compared to its average volume of 2,507,301. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.17. The firm has a 50 day moving average of $469.57 and a 200 day moving average of $437.74. The stock has a market cap of $413.81 billion, a PE ratio of 35.26, a PEG ratio of 1.72 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.80 EPS. On average, equities analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Monday, April 8th. Mastercard’s payout ratio is presently 20.99%.

Wall Street Analysts Forecast Growth

MA has been the topic of several research reports. Wells Fargo & Company upped their price target on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. TD Cowen began coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective for the company. Robert W. Baird boosted their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Finally, KeyCorp boosted their price objective on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $493.55.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 116,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $445.04, for a total value of $51,624,640.00. Following the completion of the sale, the insider now owns 96,651,308 shares of the company’s stock, valued at approximately $43,013,698,112.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 116,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $445.04, for a total value of $51,624,640.00. Following the completion of the sale, the insider now owns 96,651,308 shares in the company, valued at approximately $43,013,698,112.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 583,088 shares of company stock valued at $266,873,978. 0.13% of the stock is owned by insiders.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.